Union Jack Oil PLC (AIM:UJO, OTCQB:UJOGF) is picking up a 60% stake in the Sark well in Oklahoma from exploration partner Reach Oil and Gas. It will pay 80% of the well costs. Drilling kicks off this quarter, targeting up to 1.4 million barrels of recoverable oil and possibly more.
Oriole Resources PLC (AIM:ORR) has released a maiden exploration target for its Mbe gold project in Cameroon. Early estimates point to up to 1.34 million ounces of gold, with a maiden mineral resource estimate expected by the final quarter of the year.
Galliford Try Holdings PLC (LSE:GFRD) expects revenue and profit to beat forecasts after a strong year in highways and water. In a trading update, the constuction group noted its order book has hit £4.1 billion, and 90% of next year’s revenue is already locked in.
Tharisa PLC (LSE:THS, JSE:THA, OTC:TIHRF) lifted platinum and chrome production last quarter, helped by better mining volumes and stronger pricing. Still, it trimmed full-year guidance by 5% as recovery rates improve but head grades remain mixed.
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